Directions: Choose the correct option for the given question.

Which of the following statements is correct in respect of Duty Drawback Scheme?

Relieving export goods of duties paid for components used for manufacturing the export goods.

Providing cash incentives to exporters to compensate the duty paid by them in foreign countries.

Compensating importers to the extent of import duty paid by them for importing life-saving drugs.

Providing a facility for withdrawing the duty paid by exporters, if their exports are rejected in foreign countries.